![]() Prior to today’s acquisition, Qwiki had raised about $10.5 million from investors including Eduardo Saverin, Greylock Partners, Lerer Ventures, and Lightbank. ![]() And Qwiki offers iOS users a way to create and share videos that are more advanced than what Vine and Instagram can offer. Perhaps Qwiki has been spared because Mayer has promised to refocus much of Yahoo’s attention on mobile products. “I am especially encouraged that Yahoo will keep the product alive and hope to see Qwiki become a part of Yahoo’s mobile renaissance,” Thukkaram said in a statement. “We will continue to support the Qwiki app, and the team will join Yahoo in our New York City office to reimagine Yahoo’s storytelling experience,” the company said in a blog post today.Įven Navin Thukkaram, Qwiki’s COO, seems a little relieved Yahoo isn’t killing off Qwiki. In these cases, companies such as Stamped, OnTheAir,, Alike, Summly, and Jybe have been purchased for their talent while the products are tossed aside. ![]() And just yesterday, Yahoo announced the acquisition of one-man fantasy sports startup Bignoggins.īut it has also purchased a spate of smaller startups and shut most of those services down. It now adds New York-based video app maker Qwiki to the pile in a deal reportedly worth up to 50 million. Yahoo CEO Marissa Mayer has promised to keep it independent from Yahoo to let it keep growing. It seems like Yahoo is buying up any startup it can these days. ![]() Its most prominent of these acquisitions was of New York blogging powerhouse Tumblr for $1.1 billion. Yahoo has been purchasing startups left and right the past few months. ![]()
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